The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Canary Capital's filing for a staked TRX exchange-traded fund (ETF), marking a significant step in bringing staking-based crypto investment products to mainstream markets.
This ETF, if approved, would offer investors regulated exposure to TRX while also providing staking rewards—a first of its kind in the U.S. The proposal was submitted via the Cboe BZX Exchange, with BitGo serving as the fund's custodian.
While the SEC has acknowledged the filing, the approval timeline remains uncertain. The commission has also delayed decisions on several other crypto ETFs, including those for XRP and Litecoin.
As of now, TRON (TRX) is trading at approximately $0.2669, with an intraday high of $0.2799 and a low of $0.2669.
This development reflects the growing interest in integrating staking mechanisms into traditional financial instruments, potentially paving the way for more diversified crypto investment options.
